CFO of Australia’s Commonwealth Bank Quits Role To Join Blockchain Company

Rob Jesudason, the chief financial officer (CFO) of Australia’s Commonwealth Bank (CBA), has resigned with immediate effect in order to become the group president and chief operating officer of blockchain software firm Block.one.

Block.one, which publishes the EOS blockchain software and sells the EOS token, said Jesudason would be on the board of directors with the responsibility for scaling the group’s global operations.

“Rob has a proven track record of success in global financial services, where he has been involved in industry innovation and facilitated regulatory advancement enabling the adoption of new technologies,” Block.one CEO Brendan Blumer said in a statement on its website.

“His alignment with our organisational priorities of creating compliant, high-performance blockchain solutions is an ideal fit for Block.one, and is an exciting conclusion to our thorough search for the right individual.”

According to The Sydney Morning Herald, the latest departure comes at a tumultuous time for CBA, which is facing explosive allegations it repeatedly breached money laundering and terrorism financing laws and, along with its rivals, is under fierce scrutiny from the royal commission into financial misconduct.